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2oo9io23s (i) All yr part of ttze Property, yr a beneficial zzaterest in a trust owtaitxg all or part of the Property, is sold. or otherwise transferred (other daatx by devise or' descent), and (iij q'he Property is r?ot occupied by the 1?trrcltaser yr grantee as his ar laer principal rc~sid.enc.e, yr the purchaser or grantee dues sv cacc:upy the Property but lais ar her credit lass nc>t been approved iat accordance with tlxe requirements of the Secretary. (c) Na Wa.iver. If circumstances occur chat would permit I,eaader to require intmccliate payment. in firll, but Lender does not require srtch paynaettts, Lender does not a°aive ixs rights with. respect to subsequent. events. (cI) R.el;talations of HUD Secretary. In many circumstances regulations issued by the Secretary will lirxxit L,endcr's rights, in dxe case of paynxent defaults, to regr.rire inunediate pay3ttent in full and foreclose if not paid. This Security Instnntr.ent does not authorize acceleration or foree.lvstrre if not permitted by regulations of dxe Secretary. Ce) Mortgage l'~ot lnstared. I3vrrorver agxees that. if this Security lnsttument atxd the Note are not deternvned. to be eligible fctr insurance under the National Housing Act within 6~ days f'mm tlxe date hereof, bender may, at. its vptioz~, require imrnediatc payment ita full of all stints secured by this Security Instnatnent. A rvri.tren statement of arty authorised agent itf the Secretary clatzd subsequeaat to b~ clays from t.]ae date ]tereof, de~Iiating to llx$ure this Security Instrttnxent and the Note, shall be deemed conclt~stve proof of such ineligibility, Notwidastarading dae foregoing, this vptiota may noc be exercised. by I.,enclex when the unavailabil.rty of insurance is solely titre to Lender's failure to remit a mortgage insurance premium tv the Secretary. 10. Iieia~tateattettt. I3orro'~vcr h:~s a riglxt to be x'einstated if I.ettder has requiredrntntecliate payment iax lull because of Borrower's failuue to pay an anxvwat due under the Note or this Secutit}~ Instrument. Tltis z~igltt a.ltplies even after foreclosure proceedings a.re iatstitttt~d. To rzittstate die Security Iitstrtirxxcnt, Borrower shall tender in a lump suati all arnotutts required to bring Borrower's account current inci.uding, to the extent they are obligations of Borrower under this Security Instxtunettt, tbreclasttre costs and reasonable a:rxd ctrstontary artorn~.ys' fees and expenses properly associated with the fvreclos~zre pror.e.ediztg. Upon reittstatenxent by I3ort•ower., this Security Inst.rurtxettt and the obligations that. it secures shall rernairt itt effect as if I.,encler had not regttixecl int.rnediate laaynt.ent in Rill. However, Mendez is not required to pertxait reinstatenaealt if: (i) I.encler lass accepted reitastatettaent after the cotxtntencenxent of foreclosure proceedings within two years intmediateIy preceding the contrnencentent of a current foreclosure prviceedixxg, (ii) rei.nstatemerxt will preclude foreclosure un different grvr.ntds in tlxe li.ttttre, or (iiij reinstate~x7ent will adrrersely affect dte priority of tlae lien 4reat.ed b}~ this Security Instrurztent. I1. I3orrow•cr Not Released; Forltearance Sy Letader Nat a Waiver, lYxtension of tlae tirxxe of payment yr ntvdification of amortization of die sums secured by this Security Instntmelat ~;r'au.ted by I..ender io any successor in interest of Borrvwer slt.all not operate to release the liability of the v.rigiatal I3oxro~vex or Borrower's successor .in interest. I.erader shall not be required to commence Iroceedings against. any strccessnr in itxterest or refuse to extend time. for payrnen.t or otherwise modify an~ortizatio.n of the sums secured by this Security Instrttnxent by reason of any clerxtand made by dae original Borrower or Burrower"s successors i,rt iRxterest. Any fvrl?earaztc.e i}y Letxle.r in exercising ;tny ril;ht ox reined}' shall not he a waiver of yr preclude dxe exercise of any right or remedy. f2. Successors and Asslg~ts Mound; Joint and Several I.~labilit~~; Co-Sigaaer's, Tlxe cavGnatrts and ~:sgreetnen[s of tlxis Security Iatstrtunent shad bind a.nd benefit the successors toad assigns of I..ender aril Burrawex, subject to the prvvisigns of paragraph 9(l7). Borrower's covenants and agz'eeznents shall be joint and several. Any .Borrvwer wito cv~~signs this Security Instrument bt.tt clues not execute dae Nvte: (a) i.s cv-signing this Security Inst.-°r.rnaent oztly tv mortgage, grant a.nd convey that Borrower's iri.terest in the Propern~ uracler tlxe terms of this Security Instnmieatt; (b) is not personally vblig7ted tv pay the sums secured by this Security Instrnmertt; anci (c) agrees that Le~tder atxcl any other Borrvwer may agree to extend, modif~•, forbear or make any accornrnodat.ivzts with r4~gard to the terms of this Security Instrument yr the Note widxout. that. Barrower's cvnsertr.. -4N(NE) taao~7 Page s or s